President Luiz Inacio Lula da Silva expects Brazil’s central bank to begin cutting interest rates, saying he “can only hope” that policymakers launch the easing cycle he's demanded for months
expects Brazil’s central bank to begin cutting interest rates on Wednesday, saying he “can only hope” that policymakers launch the easing cycle he has demanded for months.
Analysts widely anticipate that the central bank will begin lowering the benchmark Selic from its six-year high of 13.75% when its monetary policy committee concludes its August rate decision meeting later in the day.
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